Beijing isn’t preying on victims. It’s attracting willing partners.
China is building a global empire of debt. Since 2005, it has invested over $2 trillion overseas, including hundreds of billions of loans for projects that would struggle to get financing from private lenders. When these enormous, risky infrastructure projects don’t pay off — as often happens — recipient countries can face debt distress and become vulnerable to coercion.
In 2017, the United States National Security Strategy named “predatory” Chinese debt diplomacy as a threat
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When Joe Biden took office, many of his supporters thought the first order of business would be unwinding Donald Trump's trade war with China. But his trade czar, Katherine Tai, has been largely MIA, a stark contrast to her predecessor, the fiery and ubiquitous Robert Lighthizer. So what has Tai been up to?
The academic tells us why it's important to understand the Chinese leader's political beliefs and where they come from — as well as their shortcomings.
Navigate China's Business Landscape with Confidence.